First Citizens BancShares (First Citizens BancShares) Interest Expense : $-4,585 Mil (TTM As of Mar. 2024)

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What is First Citizens BancShares Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Citizens BancShares's interest expense for the three months ended in Mar. 2024 was $ -1,267 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-4,585 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. First Citizens BancShares's Operating Income for the three months ended in Mar. 2024 was $ Mil. First Citizens BancShares's Interest Expense for the three months ended in Mar. 2024 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

First Citizens BancShares Interest Expense Historical Data

The historical data trend for First Citizens BancShares's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Citizens BancShares Interest Expense Chart

First Citizens BancShares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-92.64

-96.00

-61.00

-467.00

-3,679.00

First Citizens BancShares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-361.00	-992.00	-1,120.00	-1,206.00	-1,267.00

First Citizens BancShares Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4,585 Mil.

First Citizens BancShares (First Citizens BancShares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (OTCPK:FCNCB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FCNCO.PFD:USA FCNCP.PFD:USA FCNCA:USA

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.